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Author Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive  (Read 383095 times)
micax1
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April 18, 2014, 05:19:12 PM
 #1421

oh... it`s so complicated now... so what is the best way to stake coins?
transfer to a new wallet splitting into 500 hobos each transaction or what?
Thanks!
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April 18, 2014, 05:40:05 PM
 #1422

oh... it`s so complicated now... so what is the best way to stake coins?
transfer to a new wallet splitting into 500 hobos each transaction or what?
Thanks!

i am combining them in one big block and it stakes and usually it pays more than 2%

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micax1
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April 18, 2014, 05:53:49 PM
 #1423

oh... it`s so complicated now... so what is the best way to stake coins?
transfer to a new wallet splitting into 500 hobos each transaction or what?
Thanks!

i am combining them in one big block and it stakes and usually it pays more than 2%

block of money/or block in blockchain?
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April 18, 2014, 06:01:30 PM
 #1424

oh... it`s so complicated now... so what is the best way to stake coins?
transfer to a new wallet splitting into 500 hobos each transaction or what?
Thanks!

i am combining them in one big block and it stakes and usually it pays more than 2%

block of money/or block in blockchain?

Block of HBN - so if you send 500 HBN to a new wallet (or even resend it to the same wallet) those HBN will be combined into a "block" of 500. That block all stakes at the same time.  Sending the coins in blocks of 500 HBN would be a good starting point, but it depends on what your goals are. Currently a block of 500 HBN takes 10-14 days to stake.  Once that block of 500 stakes, the wallet will lose the 500 block and it will be replaced by two blocks of 250+. 

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April 18, 2014, 06:04:56 PM
 #1425

oh... it`s so complicated now... so what is the best way to stake coins?
transfer to a new wallet splitting into 500 hobos each transaction or what?
Thanks!

Let's make this really simple,

I use only 1 wallet for staking (you can have multiple address in one wallet). I have another wallet where I send my mining coins and purchased ones. I used that second wallet so I don't have to many "small" blocks in my staking wallet and when I have a big enough amount I combine those smaller blocks and send them to my staking wallet (keeping the number of blocks in that staking wallet relatively low).

Start from your overall balance and divide by 10.  It's a quick rule of thumb and you shouldn't have to combine blocks for at least 2 months. And in two months, you don't have to start all over again, you can move gradually and combine newly minted coins into bigger blocks.  You can keep the same address or pick a new one, a new wallet or the same one, it doesn't matter.  I use the same.

For example,

your balance is 10,000 HBN you'd make 10 x 1,000 HBN blocks
your balance is 5,000 HBN you'd make 10 x 500 HBN blocks

Keep in mind this doesn't have to be perfect, but starting with 10 blocks, you'd have ~640 Block in 2 months, that's when you should think to combine them again.
Also, if you already have some age or weight on your current coins, you can wait for them to stake and move them right after that, so you are not resetting the coin age and losing the PoS rewards on those coins. (You will need to use the coin control feature for that).
You will likely always make more than 2% since it will mostly always take more than 10 days to stake.  The PoS reward is based on coin age (number of blocks it takes before successfully getting your PoS block). So you don't lose for waiting longer and thus the reason for having slightly more than 2%.  The max interest per year is set to 100%. That is hard coded and the same for all.

Having a fast CPU doesn't matter if you have a lot of blocks... they will consume all of the CPU power and get your client less responsive.

Also, there is a distinction between BLOCKS and TRANSACTIONS.  having a lot of transactions is fine.  I have a wallet with over 25k transactions with no problems with it yet.  But I have no wallet with more than 500 blocks.  that is a pain to work with if you ever do.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
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April 18, 2014, 08:16:32 PM
 #1426

Version 1.4 takes care of the staking issue. There is almost nothing that has to be done.  I upgraded my brothers computer, he had tons and tons of very small blocks down to .042. They had been splitting from the 5 blocks that he had mined.  His version 1.3 couldn't handle it and it was unresponsive. After the upgrade, I did nothing but let it all go.  Not a single problem and within a few mins it was staking the blocks.

I did show him and tell him to combine all his blocks of less then 1 into a bigger block. I said wait till all your little  ones add up to 100 then combine them. But he is staking just fine with 1000+ blocks between 10 and .7..

Now this does take a full core out of your CPU. So if you want to be more efficient, then creating a new address in your wallet and combining blocks is also ok.  I personally am good with giving HBN 25% of my quad core.

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
otila
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April 18, 2014, 08:27:58 PM
 #1427

I personally am good with giving HBN 25% of my quad core.

I'd prefer 100% to reduce block download time from 7 hours to 1.75 hours (minimum).
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April 18, 2014, 09:00:21 PM
 #1428

Version 1.4 takes care of the staking issue. There is almost nothing that has to be done.  I upgraded my brothers computer, he had tons and tons of very small blocks down to .042. They had been splitting from the 5 blocks that he had mined.  His version 1.3 couldn't handle it and it was unresponsive. After the upgrade, I did nothing but let it all go.  Not a single problem and within a few mins it was staking the blocks.

I did show him and tell him to combine all his blocks of less then 1 into a bigger block. I said wait till all your little  ones add up to 100 then combine them. But he is staking just fine with 1000+ blocks between 10 and .7..

Now this does take a full core out of your CPU. So if you want to be more efficient, then creating a new address in your wallet and combining blocks is also ok.  I personally am good with giving HBN 25% of my quad core.

Well that's cool.  So now it's even simpler.  I guess it's just a matter of how you want/prefer to manage your staking account.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
presstab
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April 18, 2014, 09:08:57 PM
 #1429

I did show him and tell him to combine all his blocks of less then 1 into a bigger block. I said wait till all your little  ones add up to 100 then combine them. But he is staking just fine with 1000+ blocks between 10 and .7..

Keep us updated on how the pi responds to this type of high block count scenario.  If a pi can handle this fine, any machine should be able to.

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April 19, 2014, 12:59:01 AM
 #1430

Well that's cool.  So now it's even simpler.  I guess it's just a matter of how you want/prefer to manage your staking account.

For myself personally, I like big blocks. I usually try to keep blocks at 1k+ HBN but sometimes have blocks as small as 500 HBN.  I know others prefer to have smaller blocks that give them a constant stream of small stakes, but I prefer to have stakes that take 10-11 days so that I can get more aggressive cumulative stake.

The benefit of smaller blocks is that they secure the HBN stake rate is not as volatile and as prone to attacks. I may start a small wallet with smaller blocks simply for the sake of doing my part to secure the HBN chain, but for now I only have a VPS that actively runs the daemon. 

presstab's Block Explorer Service | Only $10/mo for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
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April 19, 2014, 01:06:18 AM
 #1431

i dont understand the coin control, but i stake alot:


Tranz
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April 19, 2014, 01:08:16 AM
 #1432

i dont understand the coin control, but i stake alot:



Nice looking history Smiley

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
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April 19, 2014, 03:10:36 AM
 #1433

unless I am somehow misunderstanding the math/logic behind this, wouldn't you make more overall if you had many blocks staking for small amounts several times a day, rather than occasionally doing one medium or large block every day? Because the second you get a new POS reward, it goes back to work for you aging and then eventually staking again... earning compound interest in a sense.

BTW hashcows fixed the hbn withdrawal issue on the multi pool and I got my HBN!
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April 19, 2014, 03:24:11 AM
 #1434

unless I am somehow misunderstanding the math/logic behind this, wouldn't you make more overall if you had many blocks staking for small amounts several times a day, rather than occasionally doing one medium or large block every day? Because the second you get a new POS reward, it goes back to work for you aging and then eventually staking again... earning compound interest in a sense.

BTW hashcows fixed the hbn withdrawal issue on the multi pool and I got my HBN!

the big block will also stake and the earning will stake as well, they both need 10 days to restake so once they stake if you combine them in 10 days they stake the balance got bigger

for instance

if you have 500 HBN after 10 days it will be 255 + 255 so each 255 will stake after 10 days

or if you combine the total amount to 510 it will stake the same amount.

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April 19, 2014, 12:17:23 PM
 #1435

unless I am somehow misunderstanding the math/logic behind this, wouldn't you make more overall if you had many blocks staking for small amounts several times a day, rather than occasionally doing one medium or large block every day? Because the second you get a new POS reward, it goes back to work for you aging and then eventually staking again... earning compound interest in a sense.

BTW hashcows fixed the hbn withdrawal issue on the multi pool and I got my HBN!

The compounding effect is really no different with smaller blocks. In practice, it is less, because the smaller blocks have a lower probability of staking, therefore take longer for a given coin age: Although there are proportionately more of them, they are using more CPU power (pro-rata), and so there will be a slight throttle on the overall staking speed.
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April 19, 2014, 04:46:38 PM
 #1436

i dont understand the coin control, but i stake alot:



Nice looking history Smiley

im a holder, seler only on big hypes then always buying back Wink

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April 19, 2014, 04:55:36 PM
 #1437

Mathematically speaking, a wallet with larger blocks that stake sooner will receive more HBN in the long run than a wallet with small blocks that take longer to stake, even though you are compensated for the extra days.  One major factor is that in order for large blocks to accumulate faster, you would need to combine blocks immediately after they stake, or else coin days are wasted.

At the end of the day there isn't a huge difference between the two reward wise. It is all about what makes you happy and what is fun.

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April 20, 2014, 02:21:14 AM
 #1438

Mathematically speaking, a wallet with larger blocks that stake sooner will receive more HBN in the long run than a wallet with small blocks that take longer to stake, even though you are compensated for the extra days.  One major factor is that in order for large blocks to accumulate faster, you would need to combine blocks immediately after they stake, or else coin days are wasted.

At the end of the day there isn't a huge difference between the two reward wise. It is all about what makes you happy and what is fun.

how to make the large blocks?

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April 20, 2014, 02:36:07 AM
 #1439

Mathematically speaking, a wallet with larger blocks that stake sooner will receive more HBN in the long run than a wallet with small blocks that take longer to stake, even though you are compensated for the extra days.  One major factor is that in order for large blocks to accumulate faster, you would need to combine blocks immediately after they stake, or else coin days are wasted.

At the end of the day there isn't a huge difference between the two reward wise. It is all about what makes you happy and what is fun.

how to make the large blocks?

Just use coin control to send the dust to another addy for reassembly then send them back as a contiguous block.

http://wiki.hobonickels.info/index.php?title=Coin_Control
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April 20, 2014, 05:24:48 PM
 #1440

I am confused by the message shown below.... I thought stake is ~ 10 days
Please explain....


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